Apar Industries raises ₹2,500 crore through QIP; check the list of allottees

Metallurgical and chemical engineering firm Apar Industries Ltd on Thursday (August 13) approved the allotment of 16.89 lakh equity shares to eligible qualified institutional buyers at an issue price of ₹14,805 per share, raising approximately ₹2,500 crore through its Qualified Institutions Placement (QIP).

The total issue proceeds amounted to ₹2,500 crore. The QIP opened on August 10 and closed on August 13. Following the allotment, APAR Industries' paid-up equity share capital increased from ₹40.18 crore to ₹41.87 crore.

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Among the allottees, ICICI Prudential Mutual Fund was allotted 1.69 lakh shares, representing 10.0002% of the equity shares offered when its holdings across funds are clubbed. HDFC Flexi Cap Fund and SBI Contra Fund were each allotted 1.69 lakh shares, representing 10.0001% each.

Allottee	Shares allotted
ICICI Prudential Mutual Fund	1.69 lakh
HDFC Flexi Cap Fund	1.69 lakh
SBI Contra Fund	1.69 lakh
Nomura India Investment Fund Mother Fund	1.01 lakh
Aditya Birla Sun Life Mutual Fund	1.01 lakh
Axis Mutual Fund	1.01 lakh
Abu Dhabi Investment Authority	91,185

Nomura India Investment Fund Mother Fund was allotted 1.01 lakh shares, representing 6% of the equity shares offered.

Aditya Birla Sun Life Mutual Fund was allotted a total of 1.01 lakh shares across its schemes, representing 6% when clubbed. Axis Mutual Fund was also allotted 1.01 lakh shares across its schemes, representing 6% when clubbed.

Abu Dhabi Investment Authority was allotted 91,185 shares, or 0.91 lakh shares, across its Monsoon and Stable funds, representing 5.4% of the equity shares offered when clubbed.

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Shares of APAR Industries Ltd ended at ₹17,225.00, down by ₹789.95, or 4.38%, on the BSE.